New Issue: JPMorgan prices $1.61 million uncapped contingent buffered notes on indexes, fund

By Wendy Van Sickle

Columbus, Ohio, July 18 – JPMorgan Chase Financial Co. LLC priced $1.61 million of 0% uncapped contingent buffered return enhanced notes due July 3, 2023 linked to the least performing of the S&P 500 index, the Dow Jones Industrial Average and the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If each underlying asset finishes above its initial level, the payout at maturity will be par plus 1.7 times the return of the least-performing underlier.

If either asset falls by up to 50%, the payout will be par.

Otherwise, investors will receive par plus the return of the least-performing underlying asset with full exposure to any losses if it falls by more than the contingent buffer.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Uncapped contingent buffered return enhanced notes
Underlying assets:	S&P 500 index, Dow Jones Industrial Average and Invesco QQQ Trust, Series 1,
Amount:	$2,344,000
Maturity:	June 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each asset finishes above its initial level, par plus 1.7 times the gain of the worst performing asset; if any asset falls by up to 50%, par; otherwise, 1% loss for each 1% decline of worse performing asset
Initial levels:	$171.19 for Invesco, 2,716.31 for S&P, for 24,216.05 Dow
Pricing date:	June 28
Settlement date:	July 3
Agent:	J.P. Morgan Securities LLC
Fees:	0.53797%
Cusip:	48129M3P9

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